Looking at her famous dashboard, with several gauges of the health of the labor market, Janet Yellen, the Federal Reserve chairwoman, will not see any need to rush to raise interest rates, according to Kris Dawsey, an economist with Goldman Sachs.

The gauges all suggest a weaker-than-normal labor market, he said.

Here are two examples: the participation gap and the rate of wage growth. Both indicators are running below their recent historical ranges. The participation rate measures the percentage of people who are in the labor force.

The Fed said in its latest policy statement that “a range of labor market indicators suggests that there remains significant underutilization of labor resources.”

According to Dawsey:

Yellen has spoken on the topic of the labor market on several occasions since becoming [chairwoman] and her remarks have tended to be quite dovish. We see little incentive for Yellen to deviate significantly from her past remarks, and we do not expect Jackson Hole to be a “thriller” this year.